Is Roxom Securities (Seychelles) Ltd a Scam?

When we at FXCanary evaluate a broker, we start from the regulatory record — the single most objective evidence of whether a firm is allowed to hold client money and offer trading services. We cross-check the entity name, the official domain, the country of registration and the licence status against public registers, and we treat any mismatch as a red flag. For Roxom Securities (Seychelles) Ltd, the record is thin but not empty: the firm is registered in Seychelles and holds a Securities Dealer licence from the Financial Services Authority (FSA) of Seychelles, licence, with status 'Licensed'.

That licence is the foundation of our assessment, but it is also the source of our caution. Seychelles is an offshore jurisdiction with light-touch oversight, and the FSA does not operate a client-compensation scheme or mandate negative-balance protection in the way that, say, the FCA or CySEC do. In FXCanary's assessment, a Seychelles licence tells you the firm has passed a basic fit-and-proper check, but it does not give you the same safety net you would get from a top-tier regulator. Our Scam Risk Score of 40/100 — 'Guarded' — reflects exactly this: a licensed entity, but one operating under a regime that demands extra care from the trader.

Our 40/100 score is not a single number pulled from thin air; it is the product of a checklist that weighs regulatory strength, transparency, and the verifiability of the broker's claims. Two risk flags dominate this case. First, the broker is registered in Seychelles — an offshore centre where enforcement is historically limited and where investor-protection frameworks are far weaker than in the EU, UK or US. Second, our records show no verifiable website or social-media presence for the entity as we know it, which is unusual for a firm that claims to offer trading services.

The absence of a verifiable web presence is particularly important. A legitimate broker almost always has a clear, checkable online footprint — a domain, a legal page, a set of terms that match the regulatory entity. When that footprint is missing or ambiguous, it becomes harder for a trader to confirm they are dealing with the licensed entity and not an impostor. That ambiguity is itself a risk factor, and it is why we have kept the score at 'Guarded' rather than 'Low Risk'.

The FSA Seychelles is the licensing authority for capital-markets firms in the jurisdiction, and it does maintain a public register of regulated entities. Our records confirm that Roxom Securities (Seychelles) Ltd appears on that register as a Securities Dealer under licence, with a 'Licensed' status. That is a genuine, verifiable fact — we are not disputing the existence of the licence.

What we are flagging is what that licence does not do. The FSA does not run a deposit-guarantee or investor-compensation fund, so if the broker fails, there is no state-backed scheme to reimburse your money. There is also no statutory negative-balance protection, meaning that in volatile markets you could in theory lose more than your deposit, depending on the broker's own margin policies. Segregation of client funds is a standard expectation, but the enforcement of that rule in Seychelles is less tested than in major financial centres. In our view, a trader using this broker should assume they are relying on the firm's own operational discipline, not on a regulatory safety net.

On paper, the broker's own documentation — which we found via the official roxom.com domain and its docs subdomain — describes institutional-grade custody. The help centre mentions multi-party computation (MPC) custody run on Fireblocks infrastructure, segregated accounts, and transaction screening. These are credible, modern security measures, and we note them as positive signals. However, these are the broker's own claims about its internal operations; they are not verified by the Seychelles regulator, and they do not constitute a compensation scheme.

We also note that the legal terms we reviewed are not all in the name of Roxom Securities (Seychelles) Ltd. One set of terms refers to 'Roxom Markets S.A. de C.V.', a company registered in El Salvador — a different entity in a different jurisdiction. That is not necessarily a problem, as a group may use multiple legal vehicles, but it does mean a trader must be careful to know exactly which entity they are contracting with. If you deposit funds, you need to confirm whether your counterparty is the Seychelles-licensed firm or an unregulated affiliate. That distinction matters enormously for your legal recourse.

Our records show zero clone or impersonator sites for Roxom Securities (Seychelles) Ltd. That is a positive finding — many offshore brokers, especially newer or less prominent ones, are frequently targeted by fraudsters who copy their branding to steal deposits. The fact that we have not detected any clones suggests the broker's name is not yet being widely abused, which is a small point in its favour.

However, we would caution that the absence of clones is not the same as immunity. The broker's official domain is roxom.com, and its documentation lives at docs.roxom.com. If you ever receive an email, a link, or an ad that points to a different domain — roxom-securities.com, roxomfx.com, or anything similar — treat it as a potential impersonation. Always navigate to the site yourself by typing the address, and never click links in unsolicited messages. The low clone count today could change quickly if the broker gains visibility.

Our web search returned a substantial set of pages from roxom.com and docs.roxom.com, describing a Bitcoin-denominated trading platform with a Funding Account and a Unified Trading Account, support for BTC, USDC and USDT, and features like a Bitcoin line of credit and repo/stock lending. The domain matches the official domain on our records, and one legal page explicitly names 'Roxom Securities (Seychelles) Ltd' as the provider of OTC securities services. So we are confident these results describe the same entity we are reviewing.

What the results do not give us is independent verification of the broker's actual operations. There are no third-party reviews, no regulatory warnings, and no financial statements beyond a corporate-health score from an industry database that rates the firm 55/100 with a 'B' grade — a middling score that reflects limited data. We found no evidence of complaints, but we also found no evidence of a track record. For a trader, that is a neutral-to-cautious picture: the broker exists, it is licensed, and it has a professional-looking platform, but there is no independent history to lean on.

If you are considering trading with Roxom Securities (Seychelles) Ltd, we recommend a few concrete steps before you deposit a single dollar. First, verify the licence yourself: go to the FSA Seychelles public register and confirm that is active and that the entity name matches exactly. Do not rely on the broker's own website to prove its licence — check the regulator's site directly.

Second, confirm which legal entity you are contracting with. Read the terms and conditions in full, and look for the name of the company that will hold your funds. If you are dealing with the Seychelles entity, understand that your protection is limited.

If you are dealing with the El Salvador entity, you have even less regulatory recourse. Third, start with a small deposit that you can afford to lose, and test the withdrawal process early. A broker that processes a small withdrawal quickly and without friction is a better sign than one that delays.

Finally, keep your own records of every communication and transaction — if something goes wrong, that documentation is your only evidence.

In FXCanary's assessment, Roxom Securities (Seychelles) Ltd is not an obvious scam — it holds a genuine licence, has a coherent platform, and shows no signs of cloning. But it is a low-information, offshore-regulated broker, and that combination demands caution. The 40/100 'Guarded' score reflects a firm that could be legitimate but that does not yet offer the transparency or regulatory protection that most retail traders should expect.

We would not tell you to avoid this broker outright, but we would tell you to treat it as a high-risk, speculative choice. Trade only with money you can afford to lose, keep your positions small, and never deposit more than you are prepared to walk away from. The absence of independent reviews and the light-touch Seychelles regime mean you are, in effect, flying without a safety net. That is not necessarily a reason to stay grounded — but it is a reason to check your equipment twice before takeoff.